During the Dubai leadership forum featuring Kevin McCarthy, he used the term “EM-ification” to describe how the U.S. is showing characteristics of emerging markets—like political instability, weakening institutions, and unpredictable economic policy. This trend, he warned, could undermine global confidence in U.S. leadership. https://www.gulfanalytica.com/key-insights-from-kevin-mccarthy-on-global-sovereign-debt-political-polarization-and-emerging-market-trends-at-aim-summit-dubai